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| The acquisition allows Belden to provide a vital element to its customer's connected environments |
Belden Inc., a global leader in signal transmission solutions for mission critical applications, recently announced that it has completed the acquisition of Tripwire, a leading global provider of advanced threat, security and compliance solutions.
Tripwire, a leader in security and vulnerability management, enables enterprises, service providers, manufacturers, and government agencies to confidently detect, prevent, and respond to growing security threats. This addition allows Belden to provide a vital element to its customer's connected environments as they look to secure critical infrastructure from cybersecurity threats.
"We look forward to offering our customers one of the most comprehensive and secure network solutions in the market today. Tripwire technology paired with Belden's application expertise across Enterprise, Industrial and Broadcast markets will position Belden as a leader in helping customers deploy and secure the ‘Internet of Things'," said John Stroup, President and CEO of Belden.
The acquisition of Tripwire will be immediately accretive to adjusted income from continuing operations per diluted share with an estimated impact of approximately $0.65 in 2015.
As a result of this successful outcome, the company increases its guided range for 2015 adjusted revenues from $2.40 - $2.45 billion to $2.565 - $2.615 billion and adjusted income from continuing operations per diluted share from $4.70 - $5.00 to $5.35 - $5.65.
A more detailed discussion of the financial impact will occur on Belden's regularly scheduled fourth quarter 2014 earnings conference call on Thursday, February 5, 2015.
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